ALSPs Are Still More Threat Than Partner to Law Firms
Law firms have tried to stake out a distinct territory inside the legal ecosystem as providers of high-end advisory services, but as the demand for process-oriented work continues to fuel ALSPs, firms could nevertheless find their footprint shrinking.
August 05, 2020 at 05:00 AM
8 minute read
More work may be headed in the direction of alternative legal service providers, and there's a chance that law firms won't be entirely sorry to see it all go. While many firms have been actively concentrating on the lucrative and high-level services that behoove their enduring perception as a trusted legal adviser, ALSPs have emerged as a major force in the type of process work that dominates much of clients' day-to-day activity.
Still, transactional work such as e-discovery or due diligence may comprise a larger portion of the legal ecosystem than law firms realize or admit. And as demand for those types of services continue to fuel the growth of ALSPs, firms could find their grip on the market loosening with regards to scope, talent and clients.
"I think in the short term, I don't see how it's not going to erode law firm business," says Nathan Cemenska, director of legal operations and industry insights at Wolters Kluwer's ELM Solutions.
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Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
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